Canada’s TD Bank has announced plans to recruit 2,000 technology professionals throughout the year, intensifying the competitive landscape for talent in the banking industry.
Attracting skilled workers is pivotal for the bank as it embarks on a technological overhaul, which includes migrating to Microsoft Azure. This initiative is essential for staying competitive amid rival institutions, new market entrants, and rapidly evolving technologies.
Greg Keeley, Senior Executive Vice-President of Platforms and Technology at TD, emphasized that expanding the bank’s tech talent pool is crucial for accelerating the adoption of cloud technologies. This transition aims to enhance the efficiency of delivering new digital products and services to customers.
The recruitment focus will be on candidates with expertise in software development, IT operations, machine learning, and automation. In addition to cloud initiatives, TD Bank is also dedicating significant resources to artificial intelligence.
“AI is revolutionizing the financial landscape, and at TD, we are leveraging its capabilities to foster meaningful connections with our customers and streamline internal processes, thereby enhancing the experiences of our colleagues,” stated Tom Poutanen, Chief AI Officer at TD Bank.
Poutanen noted that the bank currently implements AI across all lines of business and continues to explore additional opportunities for machine learning to improve customer experiences and optimize workflows.